There seems to be FUD around stable coins wherever we look at.
Crypto offers incredible rewards but I think it’s crucial that we keep an eye on any weird movement on stable coins.
This becomes particularly important during the worst times of a bear market. This where all projects suffer the most stress and risk getting haunted by their weaknesses.
Everything in crypto happens quick, too quick sometimes. The good and the bad.
There are two things we can do to stay eyes opened apart from just reading manipulated information from the media:
- Monitor the market cap of the top 3 stable coins in the market: USDT, USDC, and BUSD. Are there any key fishy movements that we can recognise? is there a clear exodus from one stable to another? I’ve created a new chart and added it to our chart collection so that we can monitor any of these potential events.
- Monitor deppeging from USD. These 3 stable coins job is to stay 1 to 1 with dollar most of the time. They are supposed to be back by real dollars. But we know that none of them are free of dodgy events and practices. We also know that regulations are being worked on fast and they will target FIRST stable coins. Governments are moving towards replacing physical money with CBDCs. All these 3 elements will eventually cause deppeging. This can be a short lived one or one that won’t recover.. Remember what happened to UST trading now at a few cents. From now we will receive alerts every time either of these coins deppegs below $0.9976 This alert constitutes only a yellow warning which means that it’s triggered to keep our eyes opened early when it’s needed the most.
Interesting new bot setup: MarcoE
- MarcoE USDT trailing BA: BAQL:PS:ALL_20_LCAR !@ ORIGINAL
- MarcoE USDT trailing BA: BAQL:PS:ALL_20_LCAR !@
- MarcoE USDT trailing BAQL:PS:ALL_20_LCAR ORC:MC15M:BUY_STT&SELL_STPCL !@
I just started an alternative version of this bot designed by MarcoE.
It made 15% overnight. But it’s too early to take it seriously but you can’t deny it’s going in the right direction! I called it MarcoE ๐
Modifications I made to the original:
- Added TV buy on 15 min to filter some extra losers
- Trailing activated
- BAQL for PS and ORC: BAQL:PS:ALL_20_LCAR ORC:MC15M:BUY_STT&SELL_STPCL !@
Yesterday BA pair selection(PS) was down and ORC hasn’t triggered anything so far so neither were the reasons for its success.
I think it’s doing better than the original thanks to the extra TV 15min and the tokens that were manually added while PS was down. I added them from the last successful run of PS.
As I said, good to see the green, but always better to wait for a week or more to see what’s the actual performance.
I thought you might want to take a look and work on your own improvements, start some paper trading copies and see.
